Donadelli, Michael; Prosperi, Lorenzo - Dipartimento di Economia e Finanza (DEF), Libera … - 2012
The analysis of the Equity Risk Premium (ERP) and the research efforts aimed at solving the Equity Premium Puzzle (Mehra and Prescott 1985), are still widely discussed in the economic and financial literature. The purpose of this paper is to show that differences in the ERP between developed and...